New Jersey's reputation among experts in tax avoidance as a "good State" trembled in the balance last week. New Jersey has a property tax but no income tax. Its tax districts do not always collect taxes on intangible property as some States (e.g., Florida, Maryland) do. Last week one Jersey township up and did it, set vibrations going in many a high-powered law office. The township: Hillsborough. The taxpayer: Doris Duke Cromwell. The tax: $13.834,924.
The assessment was the handiwork of Alfred L. Kirby, professional revenue bloodhound for taxing bodies. In Hillsborough's...
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